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The India automotive gaskets and seals market size is expected to grow at a CAGR of 6.20%, during the forecast period of between 2024 and 2032, owing to the rapid technological advancements in the automobile sector.
Vehicles employ gaskets and seals among other parts to stop fluid and gas leaks. These prevent leaks by sealing the spaces between the parts of the automotive vehicles. Due to the seals, lubricants cannot seep out of the bearings and dust and other contaminants are kept out of the equipment. With the growing automotive industry in India, there is an increased demand for quality automotive gaskets and seals.
Based on material type, the market is divided into metallic, elastomer, and silicon, among others. The market on the basis of product type can be segmented into cylinder head gasket, manifolds, plug in seals, and O ring seals, among others. On the basis of application, the India automotive gaskets and seals market is divided into transmission, engine, cooling, brake, and fuel supply, among others. Based on end use, the market is segmented into passenger cars, LCV and MCV, off-highway vehicle, heavy commercial vehicle, and 2W and 3W vehicles, among others. By sales channel, the market is divided into OEM and replacement.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India automotive gaskets and seals market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
During the forecast period, the passenger cars end use of automotive gaskets and seals in India is anticipated to have a significant CAGR. This can be attributed to the sharp increase in demand for passenger automobiles, which has been driven by the country's growing workforce, rising disposable income, and evolving travel and tourism sector.
Passenger cars applications of automotive gaskets and seals is expanding because of the growing demand to increase component durability and lower maintenance costs, thus aiding the India automotive gaskets and seals market growth. Additionally, the automotive sector is utilising gaskets and seals more frequently as a result of the modernisation of passenger cars to lower noise, repairs, maintenance, vibration, and harsh characteristics, as well as component failure.
By sales channel, the OEM sector is anticipated to hold a leading market share in the forecast period. The market growth for gaskets and seals in the automotive industry is accelerated by the increasing penetration of electric and hybrid vehicles by major OEMs and the introduction of government regulations regarding the use of clean and renewable energy resources.
The India automotive gaskets and seals market is further anticipated to expand as a result of the creation of innovative proprietary materials that can endure harsh operating conditions. Due to India's growing need for commercial vehicles and the country's strong advancements in internal combustion engines and electric vehicles, OEMs are employing advanced gaskets and seals, which is boosting the segment's growth.
IGP Group, with its headquarters in Tamil Nadu, is a prominent manufacturer and exporter of industrial gasket types such as spiral wounds, ring joints, kammprofiles, insulation gasket kits, and monolithic insulation joints. Founded in 1955, it specialises in contract manufacturing and provides its services to all major international gasket brands and producers.
Goodrich Gasket Private Limited since its founding in 1987 has been producing and exporting various kinds of industrial gaskets. Its goods are widely utilised in a variety of industries, including those that process oil and gas, manufacture petrochemicals, build offshore structures and platforms, provide power. The company also manufactures valves, wellhead equipment, heat exchangers, pressure vessels, and other equipment for wastewater treatment.
Crown Gaskets Pvt. Ltd., established in 1965 is a renowned manufacturer and exporter of automobile gaskets with a cutting-edge facility at HSIIDC Industrial Estate in Delhi, outfitted with the latest equipment and technology for automotive gasket lines. The company manufactures gaskets made of copper, non-asbestos materials, and asbestos. Additionally, it specialises in all types of gaskets, including cylinder head gaskets, head/full sets, and others.
Other market players include ElringKlinger Automotive Components (India) Pvt Ltd, Sealmax, Champion Seals India Pvt Ltd, Inseal International Pvt. Limited, Jay Gaskets Pvt. Ltd, and Banco Gaskets (India) Ltd, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Material Type |
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Breakup by Product Types |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Sales Channel |
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Market Dynamics |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The India market for automotive gaskets and seals is projected to grow at a CAGR of 6.20% between 2024 and 2032.
The major drivers of the market include rapid technological advancements in the automotive sector, increase in demand for passenger automobiles, growing demand to increase component durability, and growing need for commercial vehicles.
The rising fuel-efficiency standards, increasing production of electric and hybrid vehicles by major OEMs, and growing vehicle production in India are the key industry trends propelling the growth of the market.
The major players in the India automotive gaskets and seals market are IGP Group, Goodrich Gasket Private Limited, ElringKlinger Automotive Components (India) Pvt Ltd, Crown Gaskets Pvt. Ltd., Sealmax, Champion Seals India Pvt Ltd, Inseal International Pvt. Limited, Jay Gaskets Pvt. Ltd, and Banco Gaskets (India) Ltd, among others.
While seals are utilised in more dynamic situations between active components such as rotating shafts, pumps, and engines, gaskets work as a static seal between flat surfaces, such as joints.
Car seals are a basic tool used to seal or lock valves in an open or closed position to stop unauthorised valve activity. Valve functioning is only possible by cutting the seal, which indicates tampering or handling by an authorised person.
Most seal failures are caused by improper installation. The correct tools must be used to avoid damaging seals during installation or installing them in the wrong direction.
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